Arkadios Wealth Advisors Cuts Stock Holdings in International Business Machines Co. (NYSE:IBM)

Arkadios Wealth Advisors cut its stake in International Business Machines Co. (NYSE:IBM) by 4.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,986 shares of the technology company’s stock after selling 749 shares during the quarter. Arkadios Wealth Advisors’ holdings in International Business Machines were worth $3,954,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in IBM. Massachusetts Financial Services Co. MA increased its position in shares of International Business Machines by 13.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 77,189 shares of the technology company’s stock worth $13,350,000 after acquiring an additional 9,155 shares during the period. Seven Eight Capital LP purchased a new position in shares of International Business Machines during the second quarter worth about $1,305,000. ProVise Management Group LLC grew its holdings in shares of International Business Machines by 2.3% during the second quarter. ProVise Management Group LLC now owns 3,305 shares of the technology company’s stock worth $572,000 after purchasing an additional 74 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of International Business Machines by 66.6% during the second quarter. Intech Investment Management LLC now owns 318,035 shares of the technology company’s stock worth $55,004,000 after buying an additional 127,147 shares during the period. Finally, Brighton Jones LLC boosted its stake in shares of International Business Machines by 1.5% during the second quarter. Brighton Jones LLC now owns 17,766 shares of the technology company’s stock worth $3,073,000 after buying an additional 260 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Bernstein Bank lifted their price target on shares of International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a report on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on shares of International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Stifel Nicolaus boosted their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Bank of America increased their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $215.81.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by corporate insiders.

International Business Machines Trading Up 0.9 %

Shares of International Business Machines stock opened at $224.73 on Friday. The stock has a market capitalization of $207.80 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 4.71 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company has a 50-day simple moving average of $222.65 and a 200 day simple moving average of $210.31. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 EPS. Research analysts expect that International Business Machines Co. will post 10.16 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.97%. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.